…Says foreign currency deposits limited to Abuja and Lagos CBN branches By Opeyemi Abdulsalam The Central Bank of Nigeria (CBN) has released new directives to commercial banks regarding the deposit of foreign currency cash with the apex bank. In a…
…says foreign currency deposits limited to Abuja and Lagos CBN branches By Opeyemi Abdulsalam The Central Bank of Nigeria (CBN) has released new directives to commercial banks regarding the deposit of foreign currency cash with the apex bank. In a…
By Sodiq Adelakun The House of Representatives has instructed its Committees on Banking Regulations and Banking Institutions to hold an investigative hearing regarding the failure of commercial banks and financial institutions to comply with the Central Bank of Nigeria’s (CBN)…
The total loans to customers from seven commercial banks in Nigeria rose to N22.9 trillion in the first half of 2023, the highest in at least six years, analysis of data from their financial statements show. Their combined customer loans…
The Oyo State Government, on Tuesday, sealed off some commercial banks and telecommunications masts in Ibadan, the state capital. The enforcement team from the Ministry of Lands, Housing and Urban Development, led by the Director, Land Use Charge, Olufisayo Ogunbiyi,…
Sensational Nigerian singer, Ric Hassani has recounted how he quit his banking job on resumption day. The ‘Gentleman’ crooner said he got a job offer from one the commercial banks in the state but abandoned the offer after he received…
The Economic and Financial Crimes Commission, EFCC, has said some commercial bank officials are complicit in Nigeria’s money-related fraud. Also, EFCC warned that commercial banks should stop shielding customers suspected of financial malpractices. Michael Nzekwe, EFCC Zonal commander, disclosed this…
The Senate on Wednesday asked the Central Bank of Nigeria, CBN, to liaise with commercial banks like the First Bank, United Bank of Africa, UBA and the Access Bank that operate branches in Oron Local Government Area of Akwa Ibom…
The Central Bank of Nigeria, CBN, is set to release all N1,000, N500 and N200 notes in its custody to Deposit Money Banks. A source at the CBN disclosed this to the News Men on Wednesday. According to him, the…
Commercial banks in Zamfara State have designed another method of dispensing cash to their customers, insisting that customers can now only withdraw their funds from their respective banks. Findings showed that almost all the banks in the State dispense only…
